HKEx digital currency trading platform
Hong Kong Exchanges and Clearing Limited (HKEx) is a major global exchange group and a holding company listed in Hong Kong. It operates exchanges in Hong Kong and London, Its members include the stock exchange of Hong Kong Limited, the Hong Kong Futures Exchange Limited, the Hong Kong Central Clearing Company Limited, the stock exchange of Hong Kong Options Clearing Company Limited and the Hong Kong Futures Clearing Company Limited, as well as the London Metal Exchange (LME), the world's leading base metal market.
Hong Kong Exchanges and Clearing Limited (HKEx) is a major global exchange group and a holding company listed in Hong Kong. It operates exchanges in Hong Kong and London, Its members include the stock exchange of Hong Kong Limited, the Hong Kong Futures Exchange Limited, the Hong Kong Central Clearing Company Limited, the stock exchange of Hong Kong Options Clearing Company Limited and the Hong Kong Futures Clearing Company Limited, as well as the London Metal Exchange (LME), the world's leading base metal market
there are many digital currency trading platforms, such as bitage, jucoin and Yuanbao. Anbang exchange only supports tokens issued by European crowdfunding projects.
Hong Kong Stock Exchange
http://www.sehk.com.hk/
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Wenhua financial futures software Inquiry terminal is a diversified market receiving and analysis software, mainly for futures and foreign exchange traders. The software can receive complete market information, including not only domestic futures and stock market, but also international money market, capital market and futures market. The classification is clear, timely and reliable. It is an ideal all-round financial terminal player<
Fuyuan financial futures software
Fuyuan futures information terminal is a futures trading software specially developed for securities customers. The software has fast receiving speed, simple interface, similar to Qianlong, and complete market information, including not only domestic futures, international futures, but also foreign exchange information. Its various technical analysis means make it have a large number of customer groups in the futures market, which is an ideal futures trading tool for the majority of securities customers< br />
http://www.csc108.com/stock/download/
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through software development docking such API interface, directly access to the market itself.
the level of risk tolerance is: stable, active or radical; Those with the lowest risk tolerance are not allowed to open..
the following is the relevant information about Qiangli Jianye from the stock exchange of Hong Kong:
http://www.hkex.com.hk/invest/index_ c.asp?id=company/profilemenu_ page_ c. ASP)
Qiangli Jianye (519)
Company / Securities Name: Qiangli Jianye Group Co., Ltd.
main business: design, manufacturing, marketing and distribution of electronic consumer procts, property investment holding and property development
Chairman: Hong Wang Jiaqi
Company Address: Hong Kong
168-200 Connaught Road Central
Room 3402-3, 34th floor, China Merchants Building, Shun Tak Center
registered address: Bermuda
Instry Classification: instry
Transfer Office: Hong Kong Central Securities Registration limited
Listing Date: 24 / 3 / 1986
trading currency: HKD
authorized share capital: 6000000, 000
number of shares issued: 889347826
(as of 31 / 3 / 2007)
par value: HKD 0.0100
trading unit: 5000
market value: HKD 426886956
financial data
financial year Date: 30 / 6 / 2006
net asset value: HKD 438661000
net profit (loss): HKD 10757000
earnings per share: HKD 0.0122
last update: 27 / 4 / 2007
The Hong Kong stock market opens at 10:00 a.m. and closes at 12:30 noon every day; It opens at 14:30 p.m. and closes at 16:00 p.m
the par value of each share in Hong Kong is not fixed at one yuan, and the par value of most shares is 0.1 yuan or 0.01 yuan
Hong Kong is an international market, and the same stocks are much cheaper than those in China, generally only half of the domestic price. Now affected by the sub-prime debt, the stock price fell sharply, and the price is lower
extended information:
differences between Hong Kong stock market and mainland market:
1. Hong Kong stock market is an international market with more institutional investors, and the turnover of overseas investors accounts for more than 40% of the total turnover
In terms of proct types, the Hong Kong stock market provides different types of procts, including equity securities, equity warrants, derivative warrants, futures, options, bull and bear certificates, exchange traded funds, unit trusts / mutual funds, real estate investment trusts and debt securities, for investors with different risk preferences to choose from under different market conditions3. There is a price limit system in the mainland market, that is, if the fluctuation exceeds a certain percentage, the relevant shares will stop trading for a specified period of time. There is no such system in the Hong Kong market
4. In the Hong Kong stock market, when the shares rise, the color on the quotation screen is green, and when the shares fall, it is red; The opposite is true in the mainland
5. Hong Kong dollar is the main trading currency in Hong Kong stock market; The mainland stock market uses RMB as its trading currency
6. Regulated short selling is permitted in Hong Kong stock market
how to classify the listed companies in Hong Kong? How to distinguish "H-share company", "red chip company" and "blue chip company"
the classification of listed companies depends on the purpose of classification. For HKEx, its stock market has two trading platforms, the main board and the growth enterprise market. Main board companies refer to those listed on the main board; GEM companies refer to those listed on GEM. The code number of the securities listed on the gem is a four digit number headed by "8", which is different from the securities listed on the main board
for index compilation companies and investors, they may classify companies by instry or company size (such as large stocks, medium stocks and small stocks). If investors want to refer to the classification list of these companies, they can refer to the index compilation company's list of constituent stocks, such as the list of constituent stocks published on the website of Hang Seng Index Services Limited http://www.hsi.com.hk/
"H-share", "red chip" and "blue chip" are commonly used words in Hong Kong stock market
"H-share companies" refer to those companies incorporated in the people's Republic of China (China) and approved by China Securities Regulatory Commission (CSRC) to list in Hong Kong. These shares of mainland Chinese enterprises listed on the Hong Kong stock market, subscribed for and traded in Hong Kong dollars or other currencies are called "H shares". Since the listing rules set out the listing requirements for H shares, the term "H shares" has been accepted and widely used by the market The word "H" in "H shares" stands for Hong Kong
"red chip company" refers to a company with at least 30% of its shares directly held by mainland entities; And / or the company is indirectly held by a mainland entity through a company controlled by it and which is the single largest shareholder; Or a company in which less than 30% of the total shares are directly and / or indirectly held by mainland entities, but 20% or more of the total shares are held by mainland entities, and persons with connections in mainland China have significant influence on the board of directors of the company. Mainland Chinese entities include state-owned enterprises and entities controlled by domestic provincial and municipal authorities
"blue chip companies" generally refer to those companies selected by Hang Seng Index Services Limited as Hang Seng Index constituent stocks.
warrant is a kind of securities issued by the issuer of the target securities or a third party other than the issuer, and the holder is entitled to purchase or sell the underlying securities from the issuer at the agreed price within a specified period of time or on a specific maturity date, or collect the settlement price difference by means of cash settlement
warrant is a kind of contractual relationship between the issuer and the holder. The holder has the right to purchase or sell a certain amount of assets (such as stocks) or rights from the warrant issuer at the agreed price in a certain agreed period or period of time. The warrant of purchasing stock is called call warrant, and the warrant of selling stock is called put warrant (or put warrant). Warrant is divided into European warrant and American warrant. The so-called European warrants: that is, only to the maturity date to exercise the warrants. The so-called American warrant: the warrant that can be exercised at any time before the maturity date
warrant value consists of two parts: one is intrinsic value, that is, the difference between underlying stock and exercise price; The second is the time value, which represents the holder's expectation and opportunity for future stock price fluctuation. Under the same conditions, the longer the ration of warrants, the higher the price of warrants; The relative price of American warrant is higher than that of European warrant because it can be exercised at any time ring its ration<
according to the regulations of Shanghai Stock Exchange, if the underlying securities of warrants applied for listing on the stock exchange are stocks, the underlying stocks shall meet the following conditions: the market value of circulating shares in the latest 20 trading days shall not be less than 1 billion yuan; The cumulative turnover rate of stock trading in recent 60 trading days is more than 25%; The share capital of circulating shares shall not be less than 200 million shares
warrant essentially reflects a contractual relationship between the issuer and the holder. The holder obtains a right from the issuer after paying a certain amount of money to the warrant issuer. This kind of right enables the holder to buy / sell a certain amount of assets from the warrant issuer at the agreed price on a certain date or period in the future
what the holder obtains is a right rather than a responsibility, which has the right to decide whether to perform the contract, while the issuer only has the obligation to be executed. Therefore, in order to obtain this right, investors need to pay a certain price (profit). The difference between warrant (actually all options) and forward or futures lies in that what the holder of the former obtains is not a kind of responsibility, but a kind of right. The holder of the latter has the responsibility to execute the sale and purchase contract signed by both parties, that is, he must trade the specified related assets at a specified price in the specified future time
it is easy to see from the above definition that warrants can be divided into call warrants and put warrants according to the exercise direction of rights. Call warrants belong to "call options" among options, and put warrants belong to "put options"
covered warrants are issued by the third party holding the relevant assets, not by the relevant enterprises themselves. Generally, they are issued by international investment banking institutions. The issuer owns or has the right to own the relevant assets. Covered warrants can be called or put, and investors face the credit risk of issuers at the same time
covered warrants are regarded as structured procts. Covered warrants are issued by indivials (usually investment banks) who are independent of the issuers of their designated securities and their subsidiaries. Designated assets can be assets other than equity securities, such as indexes, currencies, commodities, bonds or a basket of securities. The rights conferred by covered warrants can be rights to purchase (call warrants) or rights to sell (put warrants)
covered means that the issuer deposits the designated securities or assets of warrants in an independent trustee, custodian or depository as collateral for the performance of its obligations, while the trustee, custodian or depository represents the interests of warrant holders. Some markets use the word "warrant" to represent all kinds of warrants, while some markets use derivative warrants to represent covered warrants.
butterfly warrants only buy and sell two put warrants with different prices at the same time, or buy and sell two warrants with different prices at the same time. Such a combination can enable investors to obtain certain returns when the stock price fluctuates within a certain range, If the price fluctuates beyond the range, the investors will not suffer losses, and the shape of the return curve is as follows__ ∧__”, Because of its shape and flying butterfly, it is named butterfly
the yield curve of the portfolio composed of a put warrant and a stock warrant is "######################35, Similar to saddle, it is called saddle type warrant, also known as wide span type or bundle type warrant. This kind of warrant enables investors to gain profits when the stock price falls or rises sharply, but not when the stock price changes little<
notes for investors to buy and sell warrants, The warrant working group of Shanghai Stock Exchange interprets some important provisions and key clauses< The definition of warrants in the Interim Measures reveals two main characteristics of Warrants: 1. Warrants represent the contractual relationship between the issuer and the holder, and the rights enjoyed by warrant holders are obviously different from those enjoyed by shareholders in terms of contents: unless there is a clear agreement in the contract, The warrant holders have no right to participate in the internal management and operation decision-making of the underlying securities issuers and warrant issuers; 2. The warrant gives the warrant holder a right of choice rather than an obligation. Unlike warrant issuers who have the obligation to deliver the underlying securities or cash according to the agreement when the warrant holders exercise their rights, the warrant holders can choose whether to exercise or not according to the market conditions, without any liability for breach of contract< The interim measures cover different types of warrant procts:
A. according to the standard of the issuer, it can be divided into company warrants and covered warrants. Company warrant is the warrant issued by the issuer of the underlying securities, such as the warrant issued by the issuer of the underlying stock (listed company). Covered warrants are warrants issued by a third party (shareholders of listed companies or securities companies and other financial institutions) other than the underlying securities such as stock issuers. Considering the reality of market development, except for the warrants issued to solve the problem of non tradable shares, the interim measures have no provisions on the qualification of securities companies and other financial institutions as issuers of covered warrants
B. according to the nature of the holder's rights, it can be divided into call warrant (to buy the underlying securities from the issuer) and put warrant (to sell the underlying securities to the issuer)
C. according to the standard of exercise method, American warrants are agreed that the holder has the right to exercise within a specified period, while European warrants are agreed that the holder can only exercise on a specific maturity date
D. according to the standard of settlement method, it can be divided into real securities settlement warrant and cash settlement warrant. The real securities payment settlement is characterized by the transfer of the ownership of the underlying securities. The issuer must actually deliver or purchase the underlying securities to the holder, while the cash settlement method is to make cash payment only for the settlement price difference without transferring the ownership of the underlying securities
from the above explanation, it can be seen that the interim measures fully consider all kinds of warrant schemes that may appear in the pilot reform of non tradable shares, and also reserve space for the exchange to further develop the warrant market. The warrants issued by Baosteel Group in this split share structure reform belong to European style covered call warrants< According to articles 6 to 8 of the interim measures, the issuance audit of warrants will be completed by the exchange and reported to the CSRC for the record. The listing audit of warrants is entirely in the charge of the exchange
it should be noted that the issuance of corporate warrants is closely related to the issuance of stocks or bonds, which involves financing activities. Therefore, the issuance of corporate warrants should first obtain the relevant approval of China Securities Regulatory Commission before applying to the exchange< 3. Conditions of underlying securities. The Interim Measures stipulate that stocks and other securities can be used as underlying securities by way of listing. In view of the fact that the warrant market has just started, the interim measures only make clear provisions on the conditions for selecting a single stock as the underlying securities. For the specific conditions for the underlying securities such as funds and a basket of stocks, the exchange will clarify and improve them in time according to the needs of market development
the characteristics of warrant procts with high yield and high risk determine that if the underlying stock does not have a considerable circulation scale, the price fluctuation and manipulation risk caused by the price linkage between the underlying stock and warrant will be very huge. Choosing large-scale and liquid stocks as underlying stocks is an important basis for active and stable warrant trading. In view of this, the interim measures put forward strict requirements for the qualification of the underlying stock. Need to be clear is: first, the circulation of stock index circulation A shares. Second, the turnover rate is calculated on the basis of the total market value. The turnover rate of a single day = (the transaction amount of the underlying stock in the secondary market on that day / the total market value) * 100%< Article 10 of the interim measures has made clear provisions on the listing conditions of warrants, mainly including:
1. Necessary terms of Warrants: warrant category ("call" or "put"), exercise price, exercise mode ("European" or "American"), ration, exercise date Settlement method (real securities payment or cash settlement), exercise proportion
2. The starting point of warrant ration is the listing date, which can be calculated in days, months and years
3. Warrant issuers must provide performance guarantees that meet the requirements< 4. Performance guarantee of warrant issuer
Article 11 of the Interim Measures stipulates that for warrants issued and listed in the exchange, the issuer shall provide performance guarantee. There are two ways of guarantee, and the issuer can choose by itself
first, the issuer provides a sufficient amount of underlying securities or cash as performance guarantee through a special account opened in the clearing company. The exchange will determine the number of performance guarantees to be provided by the issuer according to the specific situation, and require the issuer to complete the performance guarantee before warrant issuance. At the same time, the exchange has the right to require the issuer to add performance collateral by adjusting the guarantee coefficient according to the market situation, and the guarantee coefficient is a number between 0 and 1. At present, the guarantee coefficient of Baosteel warrants is 100%
where the underlying securities or cash are used as security, the issuer shall have the obligation to guarantee that the underlying securities or cash are free from pledge, judicial freeze or other defects of rights
Second, provide institutions recognized by the exchange, such as commercial banks, as an irreversible joint and several liability guarantor for performance< Information disclosure mainly includes two aspects: 1. All kinds of announcements issued by warrant issuers to fulfill the obligation of information disclosure according to relevant regulations. In addition to the warrant issuance instructions, listing announcement, indicative announcement of delisting and announcement of delisting clearly stipulated in the interim measures, the exchange will also, in the form of information disclosure content and format guidance, combine the stock market with the stock market